Topic: why do governments don't make BTC illegal worldwide ? - page 27. (Read 8116 times)
Some governments see its potential and benefits for thier exonomy., instead of banning it. The governments also dont know the reaction of it. Bitcoin has a bright future. It will not destroy.
It's true that transactions used Bitcoin requires no third parties like banks, and this may drive banks to the verge of shutdown. But instead of banning it, some governments see its potential and benefits for their economy.
because the government wants to control all the money that is put into bitcoin,They can't hijack your computer to watch if by any chance you have a crypto wallet.
This is illegal in many countries. But many countries make it legal. They love Bitcoin. Their country started as a legal currency. So we think that soon Bitcoin is going to be introduced as the legal currency of other countries. Bitcoin has a bright future. It will not be destroyed.
if the Government of any country is not satisfied that he is just making a ban in their country just started using bitcoin between countries and has no authority to ban Bitcoin around the world. Again every Government has no authority to impose a bitcoin ban around the world
The big worry about bitcoin or another cryptocurrency is the government cannot trace the user's financial, but i will use bitcoin as long as possible. I don't care about bad news or banned in some country about using bitcoin, bitcoin is freedom.
In south-east Asian countries and northern America, apart from trade, cryptocurrencies are used for paying freelance workers and payments for server time and cloud computing this means that cryptocurrencies are directly proving to be a source of employment for the citizens, which is a decent bargain to regulate crypto.
No government doesn't like money and the cryptocurrency industry is worth billions (or even trillions).All a government needs they already have it. now they are even trying to take over the Bitcoin code as well by talking about the Core team as villains and writing on placards about their $70 million debt to make it look like it's about the money.
You are highlighting the limitations of bitcoins only ? What about the advantages, it is because of those advantages that government does not ban them.
Governments don't make Bitcoin illegal worldwide because they are afraid of it. They are afraid about what the popularity of Bitcoin and cryptocurrency will do to their economy. I think major stakeholders need to sit down and think about it.
now still in the study of some countries that will legalize bitcoin. the risk of bitcoin is their main concern, but there are already many people whose economies are good because of bitcoin.
There are benefits of bitcoins as well and government has to make decision after evaluating everything. Since, there are more benefits, it is not made illegal.
It's true that transactions used Bitcoin requires no third parties like banks,Following this more countries will adopt it to experience the good in it which looks to be the major reason why governments don't make bitcoin illegal.
Every government has their own sovereignty and jurisdiction and applying ILLEGAL label to Bitcoin around the world is impossible unless all governments in the world do the same. However, some countries / governments recognize the value of Bitcoin so it will be difficult to make illegal Bitcoin on a worldwide scale. Despite the threats Bitcoin has given to the banking system, different countries have different views on this, and I doubt the rest of the world would agree to ban something like this.
Yes, in the future I think it will completely replace the paper money and precious metals.
Governments are highly in favor of banning the cryptocurrencies but the problem is that the through the transaction fees and other sources it is bringing revenue into the country, not only that but it is increasing trade with other countries which is beneficial so on a macroeconomic level it is giving some well-needed benefits.
Governments don't make Bitcoin illegal worldwide because they are afraid of it. They are afraid about what the popularity of Bitcoin and cryptocurrency will do to their economy. I think major stakeholders need to sit down and think about it.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think there is no real reason to make it illegal. Because for now, far from threatening banks and government. If so, the government should be able to regulate its use, not prohibit it completely. Different countries have different views on this, and I doubt the rest of the world would agree to ban something like this. Because Bitcoin is the future technology, No one can refuse the technology.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think government don't make bitcoin illegal worldwide because they don't have power to do it. Actually there are some country that make bitcoin legal because they think that bitcoin can make their country better.
They could ban Bitcoin, but it wouldn't be that effective. People would find a way to use it, buy and trade it without them ever knowing. Bitcoin is only banned in countries where goverment and banks want all the money, but the smart countries that care about citizens and economy support cryptocurrencies because they know it is a good thing for them.
Because they cannot do this. I mean they can declare it illegal but they cannot stop the transactions as it happens online only.
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